Marston'S Plc Unsp/Adr (MRTPY) Q4 2024 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, everybody. Thank you for joining us. Welcome to the Marston's preliminary results for the financial year ending September 24. My name is Justin Platt, CEO. And with me, I have Hayley Lupino, our CFO. We will take you through our results today. And we will go through it in the following running order. I'll start with some quick headlines. Hayley will then talk to the financial results. And then I will come back and give some color on our operational progress. before wrapping up and taking any questions that you might have. 24 has been a really seminal year for our company. The sale of our stake in CNBC has really enabled us to focus on our sweet spot and build a future as a simplified and a focused hospitality business. And our results show that we're already making big strides and good progress towards that future. The trading has been strong at 4.8% light for light revenue. We're ahead of the market. And we've done that while expanding our margins. As you know, a key goal for us. Terrific progress at 190 basis points versus the prior year. And the combination of those things has enabled us to step up our cash flow delivery. and returned £44 million of free cash flow. So really good financial performance, but at the same time as delivering those financials, that's gone hand in hand with us giving our guests a great time in our pubs. Record delivery for us in guest satisfaction. So that reputation score of 800 is a record for us. We've never delivered a score that high before. Really, really pleasing progress. So good financial performance and good operational performance. And as we said at our Capital Markets Day, we're now clearly focused on five key value drivers that will ensure delivery and sustained growth like that into the future. So overall, a s...